Costa Coffee 60 The Broadway Plymstock, Plymouth Devon PL9 7AN

  • Costa Coffee<br>60 The Broadway<br>Plymstock, Plymouth<br>Devon<br>PL9 7AN

Costa Coffee
60 The Broadway
Plymstock, Plymouth
Devon
PL9 7AN

Modern Retail Investment

  • Let to Costa Ltd (t/a Costa Coffee) until 2027
  • Prominent Modern Detached Retail Unit
  • Situated in Established Broadway Shopping Centre
  • Neighbouring Occupiers such as Timpson, Costa Coffee, Poundland, Iceland, Boots, Superdrug, The Works and Numerous Local Retailers
  • Lot
    28
  • Auction
    9th May 2024
  • Rent
    £40,000 per Annum Exclusive
  • Status
    Available
  • Guide*
    Contact Us
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
  • Expand
  • Photos
  • Map

Modern Retail Investment

  • Let to Costa Ltd (t/a Costa Coffee) until 2027
  • Prominent Modern Detached Retail Unit
  • Situated in Established Broadway Shopping Centre
  • Neighbouring Occupiers such as Timpson, Costa Coffee, Poundland, Iceland, Boots, Superdrug, The Works and Numerous Local Retailers
  • Lot 28
  • Auction 9th May 2024
  • Rent £40,000 per Annum Exclusive
  • Status Available
  • Guide* Contact Us
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
3.5 miles east of Plymouth City Centre, 45 miles south-west of Exeter, 54 miles east of Truro
Roads
A38, A386, A388
Rail
Plymouth Railway Station
Air
Exeter International Airport
Situation

The property forms part of the established pedestrianised Broadway Shopping Centre in the predominantly residential area of Plymstock, 3.5 miles east of Plymouth City Centre. Neighbouring occupiers include Timpson, Costa Coffee, Poundland, Iceland, Boots, Superdrug, The Works and numerous local retailers.

The shopping centre benefits from being adjacent to a public car park with spaces for approximately 341 cars.

Tenure

Virtual Freehold. Held on a lease for 999 years from completion at a peppercorn ground rent.

Location
Miles
3.5 miles east of Plymouth City Centre, 45 miles south-west of Exeter, 54 miles east of Truro
Roads
A38, A386, A388
Rail
Plymouth Railway Station
Air
Exeter International Airport
Situation

The property forms part of the established pedestrianised Broadway Shopping Centre in the predominantly residential area of Plymstock, 3.5 miles east of Plymouth City Centre. Neighbouring occupiers include Timpson, Costa Coffee, Poundland, Iceland, Boots, Superdrug, The Works and numerous local retailers.

The shopping centre benefits from being adjacent to a public car park with spaces for approximately 341 cars.

Tenure

Virtual Freehold. Held on a lease for 999 years from completion at a peppercorn ground rent.

Description

The property comprises a modern detached retail unit on the ground floor only, trading as a coffee shop.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a modern detached retail unit on the ground floor only, trading as a coffee shop.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m (1)
Floor Areas
Approx sq ft (1)
Tenant Term Rent p.a.x. Reversion
Ground Retail
146.91
(1,581)
COSTA LIMITED (t/a Costa Coffee) (2) 10 years from 16/01/2017
£40,000
15/01/2027
Total Approximate Floor Area  
146.91
(1,581)
   
£40,000
 

(1) The floor areas stated above have been taken from the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/valuations/start/10790787000)
(2) For the year ended 31/12/2022 Costa Limited reported a turnover of £1,117,450,000, pre-tax profit of £245,950,000 and a net worth of £362,372,000 (Source: Northrow 18/04/2024)

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    02.05.24
    File Size
    34 MB
    Login to View
  • Brochure
    Updated Date
    09.05.24
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    20.05.24
    File Size
    620 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Edward MartinEdward Martin +44 (0)20 7034 4854 +44 (0)7478 673 535edward.martin@acuitus.co.uk
Seller's Solicitors
Blackstone Solicitors The Courtyard , 7 Francis Grove, Wimbledon
London
London
SW19 4DW
Fraz Hussain 020 8971 9520f.hussain@blackstonesolicitors.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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